• Reminder: Do not call, text, or mention harrassing someone in real life. Do not encourage it. Do not talk about killing or using violence against anyone, or engaging in any criminal behavior. If it is not an obvious joke even when taken out of context, don't post it. Please report violators.

    DMCA, complaints, and other inquiries:

    [email protected]

The average person doesn’t understand inflation / basic math.

HH Brother

New Dan
Forum Clout
45,843
They want people to be angry at banks for giving 18 year olds large loans for college yet nobody gets upset at colleges that keep jacking up their prices every year. They really need to tell kids in high school if they want to go to college and get a degree get something that will get you a job that pays well. I see major universities raise tuition every year and offer classes studying Beyoncé and Taylor Swift lyrics. “But it’s the banks fault I can’t pay back my student debt!”
College is about specialization, yet they want all these other credits for something that you're not trying to get a job in. That's where they jew you for additional costs when you've already past HS which is a wider net of education and college shouldn't be the same thing but you pay for it.
 

IGotATreeOnMyHouse85

Stand Alone Fruit
Forum Clout
240,674
College is about specialization, yet they want all these other credits for something that you're not trying to get a job in. That's where they jew you for additional costs when you've already past HS which is a wider net of education and college shouldn't be the same thing but you pay for it.
Exactly it should be - I want to work in finance so I should take these courses related to finance etc. not some bullshit art history credit, gender studies, or deep discussions about episodes of the show Friends. (I’m not joking, that last one is probably is offered at universities)
 

HH Brother

New Dan
Forum Clout
45,843
Exactly it should be - I want to work in finance so I should take these courses related to finance etc. not some bullshit art history credit, gender studies, or deep discussions about episodes of the show Friends. (I’m not joking, that last one is probably is offered at universities)
And if you even get that far and graduate, you then need to compete with every minority that will be immediately placed in front of you with lower grades, Housester.
 
G

guest

Guest
Yeah but crypto isn’t different, it’s the same.

Look up how much tether has under management, it’s something like 60 billion with 10 employees, and look at their audits and asset sheets. It’s supposed to be 1:1 backed.

Dig a little into it. Then you’ll see why crypto is bullshit and you shouldn’t be exposed to it more than gambling for quick money.

Tether has nothing to do with bitcoin, regardless if it's solvent or not
Of course they’re not, but you are still protected up to 80k when banks go bust. You aren’t protected at all with the cyrpto exchanges and all operate like banks, as Ponzi schemes.

So, what’s the point?

you can keep your own coins, unless you're a retard and need to keep it on an exchange, say, if you're prone to losing your password.. TEEHEE

It's hilarious how crypto makes people seethe so much..
It's never like asking somebody if they like football "nah, football's not for me. it's boring"
It's always "IT'S A FUCKING SCAM PONZI GREATER FOOL FOR RETARDS REEE"
lmao
but seriously, you sound like a jaded ex lover because you lost your stash, and are in a deep tomlinson esque rabbithole of le fraudulent tether backing and extrapolating every exchange to be like FTX and diregarding any potential use case through blockchain/nft/yields/defi/ because of the boom and bust cycle that any new asset class experiences caused by speculation

all in all it's pretty dumb to disregard an instantaneous, mostly tax free (if you know what you're doing) payment and monetary transfer system as "le gambling for fools"
Tells me you're emotionally invested in your viewpoint (manlet complex?),and dare i say narrow minded
but that's redundant from the other schizo shit you post on here
 

JoeCumiawearsDIAPERS

DMANIAC
Forum Clout
50,413
I honestly don’t understand why people say charging interest is wrong? If I lock my cash up for a period of time and lend it to you so you can go start a business, why can’t I earn a return on it? If I couldn’t, I wouldn’t lend it and you can’t start your business unless you come up with the cash.

I’m not saying there aren’t predatory loans or some lenders aren’t pieces of shit but the fundamental principle behind charging interest on loans makes perfect sense to me.

Debt isn’t inherently a bad thing. It’s up to the borrower to understand what they’re borrowing and whether or not it’s worth paying the points to borrow as well as the specific terms of the loan. Alternatively, it’s up to the lender to understand who they’re lending to and if they will ultimately be made whole in the end.

The system isn’t perfect and would work well if the government didn’t get involved to guarantee shit, fuck around with interest rates to fund their own nonproductive investments, and bail out the banks who fuck up.
 

NoBacon

An honourable man.
Forum Clout
116,659
Tether has nothing to do with bitcoin, regardless if it's solvent or not


you can keep your own coins, unless you're a retard and need to keep it on an exchange, say, if you're prone to losing your password.. TEEHEE

It's hilarious how crypto makes people seethe so much..
It's never like asking somebody if they like football "nah, football's not for me. it's boring"
It's always "IT'S A FUCKING SCAM PONZI GREATER FOOL FOR RETARDS REEE"
lmao
but seriously, you sound like a jaded ex lover because you lost your stash, and are in a deep tomlinson esque rabbithole of le fraudulent tether backing and extrapolating every exchange to be like FTX and diregarding any potential use case through blockchain/nft/yields/defi/ because of the boom and bust cycle that any new asset class experiences caused by speculation

all in all it's pretty dumb to disregard an instantaneous, mostly tax free (if you know what you're doing) payment and monetary transfer system as "le gambling for fools"
Tells me you're emotionally invested in your viewpoint (manlet complex?),and dare i say narrow minded
but that's redundant from the other schizo shit you post on here

Show me any area of Bitcoin / cyrpto tech/investment/finance that isn’t absolutely overran with scammers and Ponzi schemes. Not trying to be flippant, I’d like to know.
 
G

guest

Guest
Show me any area of Bitcoin / cyrpto tech/investment/finance that isn’t absolutely overran with scammers and Ponzi schemes. Not trying to be flippant, I’d like to know.

What do scammers and ponzi schemes in the crypto/tech space have anything to do with bitcoin, ethereum, or monero itself?
and how would scammers and ponzis delegitimize monero, for example, where you completely circumvent the world (kike) reserve currency?
You have a very surface level understanding of crypto if you think bitcoin=exchanges=pepecoin=SBF=Tether
yet you seemed so sure of yourself....
 

NoBacon

An honourable man.
Forum Clout
116,659
What do scammers and ponzi schemes in the crypto/tech space have anything to do with bitcoin, ethereum, or monero itself?
and how would scammers and ponzis delegitimize monero, for example, where you completely circumvent the world (kike) reserve currency?
You have a very surface level understanding of crypto if you think bitcoin=exchanges=pepecoin=SBF=Tether
yet you seemed so sure of yourself....

It’s just my opinion, if it sounds like I’m acting the arbiter of truth I’m sorry and I’m not. I personally avoid it and have no faith in it anymore.

I invested a lot into it (for me) - I spent thousands of hours pouring over the Bitcoin forum for the technical overview of it, I love the code, I love the concept. It’s beautiful.

I’m pretty sure Adam Back is Satoshi and I like his company blockstream and looked into their mining tokens as an investment but couldn’t afford it.

Edit / one of my best friends made 100+ k in bitcoin, his younger brother made more and bought a house in Seattle in cash before he was 25. I love when people navigate it successfully. Most will go bankrupt, though.
 
Forum Clout
6,485
Instead of dumb shit like algebra school mathematics should be teaching real world stuff like this.
Last year my son took a class that went over basic household and business financials. It didn't count as a math class but was an elective which I was impressed that they offered it to 8th graders. Went over the basics of inflation, interest and personal budgeting and planning. Also got into what it takes to start and run a business. I guarantee it will be more useful to him over his life than Algebra
 

HH Brother

New Dan
Forum Clout
45,843
Last year my son took a class that went over basic household and business financials. It didn't count as a math class but was an elective which I was impressed that they offered it to 8th graders. Went over the basics of inflation, interest and personal budgeting and planning. Also got into what it takes to start and run a business. I guarantee it will be more useful to him over his life than Algebra
Higher than basic math skills is completely worthless to the overwhelming majority of the country, yet many cannot even understand basic math, piggyster.
 

Dennyislife

Forum Clout
21,646
Last year my son took a class that went over basic household and business financials. It didn't count as a math class but was an elective which I was impressed that they offered it to 8th graders. Went over the basics of inflation, interest and personal budgeting and planning. Also got into what it takes to start and run a business. I guarantee it will be more useful to him over his life than Algebra
I did a business studies class which kinda touched on that stuff but not really. May e it's changed now tbf but in my time there was very little practical use. Teachers can't say "you won't have a calculator in your pocket all the time" anymore either
 

hikomow633

Forum Clout
4,355
I honestly don’t understand why people say charging interest is wrong? If I lock my cash up for a period of time and lend it to you so you can go start a business, why can’t I earn a return on it? If I couldn’t, I wouldn’t lend it and you can’t start your business unless you come up with the cash.

I’m not saying there aren’t predatory loans or some lenders aren’t pieces of shit but the fundamental principle behind charging interest on loans makes perfect sense to me.

Debt isn’t inherently a bad thing. It’s up to the borrower to understand what they’re borrowing and whether or not it’s worth paying the points to borrow as well as the specific terms of the loan. Alternatively, it’s up to the lender to understand who they’re lending to and if they will ultimately be made whole in the end.

The system isn’t perfect and would work well if the government didn’t get involved to guarantee shit, fuck around with interest rates to fund their own nonproductive investments, and bail out the banks who fuck up.

The scam lies in the fact that a small, anointed group of people are able to create unbacked fiat money out of thin air (and thus creating inflation) and destroying the savings of responsible people who don't over-leverage themselves. The people who benefit most from new money creation are the ones closest to the printer, everyone else gets inflation. Not to mention saddling future generations with a public debt burden that they wont be able to pay down, which leads to a rapid decline of living standards. These days having a good job and a savings account aren't enough, you have to (((invest))) your savings unless you want to watch them erode in real time. You're basically forced to earn your money twice, and that's if you're lucky enough to have money left over to save in the first place. Bitcoin came into play because it has a fixed inflation schedule and can't be arbitrarily inflated by special interests, along with having other properties like an immutable public ledger, ease of transferability, relatively quick finality, censorship resistance, permissionlessness, not easily confiscatable etc etc etc
 
Last edited:

IGotATreeOnMyHouse85

Stand Alone Fruit
Forum Clout
240,674
Last year my son took a class that went over basic household and business financials. It didn't count as a math class but was an elective which I was impressed that they offered it to 8th graders. Went over the basics of inflation, interest and personal budgeting and planning. Also got into what it takes to start and run a business. I guarantee it will be more useful to him over his life than Algebra
I took an elective like that my senior year called “Personal Finance” and I was shocked it wasn’t required since it’s stuff kids (that will be adults very soon in the real world) should know. I also took an elective in high school related to investing which was also something people should be aware of but they have to require a lot of nonsense like multiple years of black history studies. I couldn’t tell you anything else I learned in high school that I ever needed in life except a science class that taught what happens to your body when you drink alcohol and what causes a hangover and what to do to avoid it. Haven’t been hungover in decades thanks to that.
 

IGotATreeOnMyHouse85

Stand Alone Fruit
Forum Clout
240,674
I did a business studies class which kinda touched on that stuff but not really. May e it's changed now tbf but in my time there was very little practical use. Teachers can't say "you won't have a calculator in your pocket all the time" anymore either
I think at this point (at least) some high school or colleges are teaching students to not be an asshole on social media since it can hurt your career. I know they were teaching that to college football players to not share so much online because it can come back to haunt you which is something new but very important
 
Top